Monthly Archives: August 2016

How to Practice Mindful Spending

Being Mindful With Spending Mindful spending is when we only buy something that will create a net benefit to our well being, in proportion to its relative cost. The idea here is to spend money with purpose! 😀 This will reduce waste, maximize economic utility, and give us the most bang for our buck, so-to-speak. 🙂 In practice, all we need to remember… Read More »

Women’s Financial Circle Scam

Falling Victim The pharaohs of ancient Egypt created the first pyramid schemes. But since then these schemes have evolved to become more elaborate. The most recent example has taken shape in the form of a Gifting Circle, which specifically targets affluent women. According to the Better Business Bureau, a consumer watchdog, the scam works by inviting women to join wine… Read More »

Where are Rich People Putting their Money?

Asset Allocation for the Wealthy I don’t always recognize good investment opportunities when I see them. But I do know that we should never invest in funerals… because it’s a dying industry. But when I run out of investment ideas I usually turn to the wealthy. I think it’s extremely important to follow what rich people do. It gives us insight about financial… Read More »

Sherritt International’s Debt Extension and Firm Capital Purchase

Sherritt Restructures its Debt Earlier this year Sherritt International, a Canadian mining company, announced plans to extend its debt maturity by 3 years in order to weather the current commodity downturn. Out of the $720,000,000 debt that will get the extension, $5,000 of it is owned by me. 😀 A couple of years ago I purchased some Sherritt… Read More »